Business

Business – Gist Alerts

Nigeria’s Inflation Rate Increases To 31.70% In February

Nigeria’s inflation rate accelerated to 31.70 percent in February from 29.90 percent registered in January 2024. This figure indicates an…

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FG Plans Fresh Borrowing Via Eurobond In June

The Federal Government has enlisted the expertise of leading global investment banks, including Citibank NA, JPMorgan Chase & Co, and…

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Reps To Summon Dangote, BUA Over Rising Cost Of Cement Prices

The House of Representatives has mandated its Committees on Solid Minerals Development, Commerce, Industry and Special Duties to investigate the…

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Reps To Restrain Banks From Holding Customers’ Reversed Funds

The House of Representatives, on Tuesday, mandated the Central Bank of Nigeria to restrain commercial banks from holding reversed funds…

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Enugu Seals ShopRite, SPAR Malls, Others Over Tax Evasion

The Enugu State Internal Revenue Service has shut Enugu ShopRite and SPAR over non-remittances of purchase tax in their malls…

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CBN Revokes Licenses Of 4,173 Bureau De Change Operators

The Central Bank of Nigeria (CBN) has revoked the licences of 4,173 Bureaux De Change Operators over their failure to…

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FX Backlog: CBN Only Owing Five Banks – Olayemi Cardoso

Olayemi Cardoso, the Governor of the Central Bank of Nigeria(CBN) made it known on Thursday that the foreign exchange backlogs…

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CBN Begins Sales Of Dollars To BDCs

The Central Bank of Nigeria has announced its intention to sell foreign exchange worth $20,000 to each eligible Bureau De…

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CBN Increases Interest Rate To 22.75% From 18.75%

The Central Bank of Nigeria (CBN)’s Monetary Policy Committee (MPC) has increased the Monetary Policy Rate(MPR) by four hundred basis…

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FG Blocks Binance, OctaFX, Other Crypto Firms Over Forex Crisis

In a fresh attempt to arrest the continuous sliding of the naira, the Federal Government has blocked Binance, OctaFX, Coinbase…

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